diese Amis, sind einfach unberechenbar. Naja, mal sehen wie es morgen wird.
Ich denke das es mrgen wieder hoch gehen wird und wir werden die 0,02$ sehen. Aber es wird nicht von langer dauer bleiben. Ich glaube, (glauben, dass heißt nicht wissen)dass sich die Aktie morgen im Bereich von 0,015$ (+/-0,001) einpendeln wird.
Aber moregen bzw. heute um 09.00Uhr gibt es erstmal ein dickes Minus von 70%. Wieder eine Chance um nach zu kaufen.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION RESULTS OF OPERATIONS:
Nine Months Ended September 30, 2006 (the "2006 Period") Compared to Nine Months Ended September 30, 2005 (the "2005 Period")
Overall royalty revenues increased approximately 47 percent to $1,384,233 for the nine months ended September 30, 2006 from $940,499 for the nine months ended September 30, 2005. The increase was due primarily to additional royalties earned from our newly licensed cabarets in Las Vegas (25%), Baltimore (3%) and Lake Geneva (1%) combined and totaled to approximately 28 percent of our total revenue during the 2006 Period. Revenues from our Go West and 333 East "Marquee" licensees combined accounted for 60 percent of our 2006 Period revenue. Our "Marquee" licensee, who accounted for approximately 56 percent of our total revenues in 2005, currently accounts for approximately 29 percent of our total revenue in the 2006 Period. This was due to increases in admissions at our Go West licensee.
Operating expenses for the 2006 Period and the 2005 Period were $792,112 and $896,934 respectively. During the 2006 Period the Company minimized legal, merchandise and advertising cost in the amount of $100,000 in order to help insure that funds would be available to maximize all potential in penetrating other markets with new business development. In addition, cost for our annual Gentlemen's Club Exposition where we sponsor, target and retreat with new and existing sub-licensees remained consistent in the current year 2006 with prior years 2005 at $90,000. Other cost included a finance premium of $25,000 related to a pay down of debenture notes.
INTEREST INCOME (EXPENSE) - NET:
Interest income is presented net of interest expense for the 2006 Period and 2005 Period respectively. Interest income is accrued and amounted to $82,474 and $74,439 for the 2006 and 2005 Period ended respectively. Interest income is due primarily in consideration of a secured promissory note issue from Go West based on an agreement in March 2003 to unwind our acquisition of Go West in March 2002. Interest expense is due primarily from the issuance of long-term debentures and notes payable. Interest expense decreased to $280 for the 2006 Period from $8,367 for 2005 Period.
Provision for Income Taxes:
Although the Company had net profits during the 2006 Period, the provision for income taxes relate primarily to the estimated minimum tax on average assets and capital which was not impacted by net operating losses.
Net Income (per share):
Net income was $685,299 or $0.01 per share for the 2006 Period versus a net income of $118,004 or $0.00 per share for the 2005 Period. The increase was due primarily to the additional royalty revenue earned during the 2006 Period from the Las Vegas, Baltimore and Lake Geneva sub-licensees which amounts to approximately $415,024. Net income per share data for both the 2006 and 2005 Period is based on net income available to common shareholders divided by the weighted average of the common shares.
Three Months Ended September 30, 2006 Compared to Three Months Ended September 30, 2005
Royalty revenue increased approximately 48 percent to $470,151 from $317,155 for the three months ended September 30, 2006 and September 30, 2005 respectively. This increased was due primarily to the addition of our new licensees in Las Vegas, Baltimore and Lake Geneva whose revenues approximate 35 percent of our total revenue during the three months period ended September 30, 2006. In addition, revenue from our "Marquee" 333 East licensee continues to decline to 28 percent from 49 percent for the three month period ended September 30, 2006. During the current year, the Company noted that this decrease was primarily due to a shift in admissions from our East side licensee to our West side "Go West" licensee. The Company plans to consult with management and design a plan to help resolve the swing in admissions between both locations and other matters that may exist by year end 2006.
Operating expenses decreased approximately 18 percent to $337,466 for the three months ended September 30, 2006 from $412,044 for the three-month period ended September 30, 2005. This was due primarily to cuts in various administrative costs to provide funds for new business development associated with the expansion of the "SCORES" brand name into new markets that approximated to $65,000. During the quarter, the Company sponsored its Annual Las Vegas Gentleman's Club Exposition where management targets new licensees and gets updated on new trends and emerging markets in the industry. Cost for the Exposition approximated $90,000. Other costs include $25,000 in financing fees premiums for debenture extinguishments.
INTEREST INCOME (EXPENSE) - NET:
Interest income is presented net of interest expense for the three-months period ended September 30, 2006 and 2005 Interest income is accrued and amounted to $27,585 and $26,394 for the three months periods ended September 30, 2006 and 2005, respectively. Interest income is due primarily in consideration of a secured promissory note issued by Go West pursuant to an agreement from March 2003 to unwind our acquisition of Go West in March 2002. Interest expense is due primarily from the issuance of long-term debentures and notes payable. Interest expense decreased to $0 for the three months ended September 30, 2006 from $1,191 for the three months ended September 30, 2005.
Provision for Income Taxes:
Although the Company had net profits during the three months ended September 30, 2006 the provision for income taxes relate primarily to the estimated minimum tax on average assets and capital which was not impacted by net operating losses.
NET INCOME (PER SHARE):
Net income was $170,515 or $0.01 per share for the three months ended September 30, 2006 versus a net loss of $(57,986) or ($0.01) per share for the three months ended September 30, 2005. The increase was due primarily to the additional royalty revenue earned during the three months ended September 30, 2006 from the Las Vegas, Baltimore and Lake Geneva sub-licensees which amounted to approximately $166,197.and reductions in administrative cost due to the expansion of the "SCORES" brand name. Net income per share data for both the three months ended September 30, 2006 and September 30, 2005 is based on net income available to common shareholders divided by the weighted average of the common shares.
We recognize revenues as they are earned, not necessarily as they are collected. Cost of goods sold relates to the merchandise sold. General and administrative expenses include accounting, advertising, contract labor, bank charges, depreciation, entertainment, equipment rental, insurance, legal, supplies, payroll taxes, postage, professional fees, rent, telephone and travel.
LIQUIDITY AND CAPITAL RESOURCES
We have incurred losses since the inception of our business. Since our inception, we have been dependent on acquisitions and funding from private lenders and investors to conduct operations. As of September 30, 2006 we had an accumulated deficit of $(2,397,007). As of September 30, 2006, we had total current assets of $3,098,179 and total current liabilities of $310,434 or working capital of $2,787,745. At December 31, 2005, we had total current assets of $2,377,912 and total current liabilities of $486,672 or working capital of $1,891,240. Such working capital amount may decrease upon renegotiating the amounts due from the Go West note receivable by a significant amount of up to $900,000 as such amount would be reclassed to the long term portion. The increase in current assets is due to the royalty receivable due from the licensees and the increase in the loan payments due from Go West Entertainment within the next 12 months. We currently have no material commitments. The increase in the amount of our working capital is primarily attributable to legal, consulting, rent and salary expenses that the Company is no longer responsible for due to the unwinding of Go West Entertainment and the steady flow of income from our licensees.
We will continue to evaluate possible acquisitions of or investments in businesses, products and technologies that are complimentary to ours. These may require the use of cash, which would require us to seek financing. We may sell equity or debt securities or seek credit facilities to fund acquisition-related or other business costs. Sales of equity or convertible debt securities would result in additional dilution to our stockholders. We may also need to raise additional funds in order to support more rapid expansion, develop new or enhanced services or products, respond to competitive pressures, or take advantage of unanticipated opportunities. Our future liquidity and capital requirements will depend upon numerous factors, including the success of our adult entertainment licensing business.
Hmmm...Sorry I didn't post the results. I get my results from this website (BELOW) and I check it on a daily basis for the stocks I watch and invest in. So I do not bother to cut and paste for the masses. Just my way. I already raised my two children and kicked them out, so I don't have to babysit anymore. :) :) :)
You have 10 stocks you can input and check results on. It is very fast for news/results and best of all, FREE.
Aside from that, I bought 1.5 million shares of SCRH and am willing to wait now for results. As an investor, you must know that the market does not watch Adult Entertainment Stocks closely, but hedge funds are now watching because of the huge free cash flow generated by these stocks. (Also have a large position in Adultshop due to the Loop Wireless transaction, but SCRH is already profitable, and cheaper)
I posted this message (Below) on another stock chat board. Have fun. oldmanbadman rdncoic
Hmmm...Hey Guys and Gals, the PE is a Joke! .95 PE???????
LESS THAN EARNINGS PER SHARE FOR THE THIRD QUARTER TOTAL!
LOOK AT RICK's PE, EARNINGS, AND PRICE. Earnings/Share: 0.21 Previous Close: 7.27 P/E ratio: 33.0952
LOOK AT PTT's PE, EARNINGS, AND PRICE. Earnings/Share: 0.010 Previous Close: 2.27 P/E ratio: 229.00
Ok, let me tell you what to do. If the street cannot value SCRH at present, all you have to do is pick up a few million shares and sit back and relax until it does. You will not have to do anything else except watch the SP slowly rise and when you hit your comfort zone, sell for huge profits. This is money in the bank. I sold a few shares of PTT and RICK and picked up an additional 500,000 shares of SCRH last night and do not regret it. The system is working and the management cannot afford to make anymore mistakes like in the past. This is a goldmine for investors now. Everything is online to move to more and more profit with less and less investment for SCRH. Believe me, the big boys are looking at SCORES HOLDING as I write this. The business is successful and growing. Hell, Rick or PTT will try to buyout SCORES if the SP stays this low. Management can sell out the business and retire with big bucks. And the investors will be rewarded also. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
OH MY GOSH, THIS IS HUGE!!! oldmanbadman rdncoic
SCRH -- Scores Holding Co, Inc. Com ($0.001)(New) Primary Venue: Dually Quoted on Pink Sheets and OTC Bulletin Board
Best Bid: Unpriced Best Ask: Unpriced
TRADE DATA Best Bid: 0.0095 Best Ask: 0.010 Last Sale: 0.0095 Change: +0.0005